Saturday, June 22

Capital Paramount Update: Natural Gas

Natural gas price carried Thursday's losses into Friday after official data revealed the stockpiles in the U.S. rose more than expected last week.

In the New York Mercantile Exchange, natural gas futures for delivery in July traded at USD3.785 per million British thermal units, down 2.39%.

The commodity hit a session low of USD3.767 and a high of USD3.904.

The U.S. Energy Information Administration said in its weekly report on Thursday that natural gas storage in the U.S. in the week ended June 14 rose by 91 billion cubic feet, above market expectations for an increase of 90 billion.

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